Singapore Airlines Ltd (SINGY.PK) Key Developments |
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Singapore Airlines Ltd (SINGY.PK)

SINGY.PK on OTC Markets Group

29 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Singapore Airlines to expand U.S. operations with non-stop San Francisco flights and second daily Los Angeles service
Wednesday, 15 Jun 2016 03:00pm EDT 

Singapore Airlines Ltd :To expand u.s. Operations with non-stop san francisco flights and second daily los angeles service.  Full Article

Singapore Airlines Ltd says passenger load factor fell 0.9 pct points in May
Wednesday, 15 Jun 2016 05:17am EDT 

Singapore Airlines Ltd : May 2016 operating results) . Says passenger load factor (PLF) dropped 0.9 percentage points to 72.7% in May . May Singapore Airlines' systemwide passenger carriage decreased 2.9% against last year . Says PLF increased for East Asia region, but declined for all other Regions in may due to softer passenger demand . Group airlines capacity increased 2.9% in May .  Full Article

Singapore Airlines reports April 2016 operating results
Monday, 16 May 2016 05:17am EDT 

Singapore Airlines Ltd : April 2016 operating results) . In April 2016, Singapore airlines' systemwide passenger load factor (Plf) improved 1.8 percentage points to 77.1% . Says April overall cargo load factor (CLF) was 1.3 percentage points higher . April 2016 passenger carriage increased 1.9% compared to last year, against a 0.5% decrease in capacity .  Full Article

Value Alliance says airlines form pan-regional LCC alliance
Monday, 16 May 2016 01:58am EDT 

Value Alliance : Cebu Pacific, Jeju Air, Nok Air, Nokscoot, Scoot, Tigerair Singapore, Tigerair Australia and Vanilla Air form pan-regional LCC alliance .  Full Article

Singapore Airlines says qtrly net profit S$224.7 million
Thursday, 12 May 2016 06:26am EDT 

Singapore Airlines Ltd : Full yearly results) . Qtrly net profit s$224.7 million versus s$39.6 million . "Group is contending with a challenging operating environment in key markets" . Q4 revenue s$3.71 billion versus s$3.88 billion . final dividend of 35 cents . "For the April-June 2016 quarter, advance passenger bookings are tracking positively against seat capacity" . Says outlook remains cautious for air cargo amid the economic slowdown in China .  Full Article

Singapore Airlines Ltd updates on offer for Tiger Airways
Wednesday, 4 May 2016 03:58am EDT 

Singapore Airlines Ltd:Refers to offer for all the issued ordinary shares in the capital of Tiger Airways.Offeror exercised its right of compulsory acquisition to acquire the shares held by the dissenting shareholders.  Full Article

Safran SA's Messier-Bugatti-Dowty signs service contract with Singapore Airlines‍​
Monday, 22 Feb 2016 11:16am EST 

Safran SA:Messier-Bugatti-Dowty signs service contract with Singapore Airlines.Messier-Bugatti-Dowty to support landing gear systems on Singapore Airlines upcoming fleet of Airbus A350-900 jetliner.  Full Article

Singapore Airlines Ltd - EU court backs Air France KLM SA, other airlines in cartel challenge - Reuters
Wednesday, 16 Dec 2015 03:00am EST 

Singapore Airlines Ltd:Europe's second highest court backed on Wednesday a challenge by Air France-KLM AIRF.PA and other airlines against a near 800 million-euro ($873.9 million) cartel fine handed down to the group five years ago for fixing prices of air cargo - RTRS."The General Court annulled the decision by which the Commission imposed fines amounting to approximately 790 million euros on several airlines for their participation in a cartel on the air freight market," the General Court said in its ruling. - RTRS.The European Commission in its 2010 decision said that 11 air cargo carriers fixed surcharges for fuel and security from December 1999 to February 2006. - RTRS.The other carriers were Air Canada, KLM, Martinair, British Airways, Cargolux, Cathay Pacific Airways, Japan Airlines, LAN Chile, Qantas, SAS and Singapore Airlines - RTRS.Lufthansa LHAG.DE escaped a sanction because it blew the whistle on the cartel. - RTRS.Air France took the biggest hit with a fine of 182.9 milion euros while KLM came in second at 127.2 million euros. The two carriers merged to form Air France-KLM in 2004 - RTRS.  Full Article

Singapore Airlines Ltd says discussions with South Korea's Jeju Air have ceased
Thursday, 13 Aug 2015 05:43am EDT 

Singapore Airlines Ltd:Refers to announcement on March 17 that it was in discussions on a possible equity investment in south Korea's Jeju Air.Says discussions with South Korea's Jeju Air have now ceased and the parties will not be proceeding with a transaction.  Full Article

Singapore Airlines Ltd's SilkAir (Singapore) sells stake in Abacus Travel Systems Pte Ltd (ATS)
Wednesday, 29 Jul 2015 07:16am EDT 

Singapore Airlines Ltd:Says a subsidiary, SilkAir (Singapore) pvt Ltd, entered into sale agreement with Sabre Technology Enterprises II Ltd, pursuant to which SIA and SilkAir have sold, 2.44 mln shares of Abacus Travel Systems Pte Ltd (ATS).The sale represents 61 per cent of the issued share capital of ATS of which SIA and SilkAir own 56 per cent and 5 per cent respectively.The aggregate consideration payable by the Purchaser to SIA and SilkAir for the Sale is $5 million, (about S$6.84 million).  Full Article

Vistara, AirAsia India seek quick fleet growth as aviation rules eased-sources

SINGAPORE, June 16 Vistara and AirAsia India, airline ventures of India's biggest conglomerate Tata Group, aim to boost their fleet sizes to 20 planes within a year and launch international services after the country overhauled aviation rules, two people familiar with their strategy said.